NAIROBI The government must reveal the names of secret owners of all companies that win state tenders as part of a programme it has with the international monitory fund (IMF).This will begin in April 2022 as part of the 38-month programme that is aimed at helping Kenya improve its fi- nances by reducing wastage and corruption, according to the IMF.By the end of March 2022, the Washington-based insti- tution said, Kenya is expected to “adopt revised standard bid- ding documents to obtain con- sent from beneficial owners to publish beneficial ownership information for awarded ten- ders in the public procurement information portal (PPIP), and start requiring consent for all new tenders.”Publishing these names, the IMF noted, will “reduce cor- ruption risks by strengthening transparency and enhancing oversight.”The revelation of all benefi- cial owners of companies that do business with the govern- ment was to start at the end of June 2021 but was delayed following […]
REVEAL SECRET ‘TENDERPRENEURS’,IMF DEMANDS- UNTIL MARCH 2022
